NOREEN CLIFFORD M 4

4 · BARINGS CORPORATE INVESTORS · Filed Mar 18, 2026

AI-generated summary of this filing

Updated Mar 19, 2026

Barings Corporate Investors (MCI) Chair Noreen Clifford Sells 9,662 Shares

What Happened

Noreen Clifford, Chairman of the Fund and a Director of Barings Corporate Investors (MCI), disposed of 9,662.745 units tied to the company's common shares on March 17, 2026. The units were sold at $19.53 each for total proceeds of $188,713. The transaction is reported as a disposition of a derivative interest rather than a sale of actual company stock.

Key Details

Transaction date: 2026-03-17; Form 4 filed: 2026-03-18 (timely).
Sale: 9,662.745 units at $19.53 per unit; total value reported $188,713.
Nature of the instrument: Derivative/notional units under non‑qualified deferred compensation plans (not actual shares).
Shares owned after transaction: Not specified in the filing.
Footnotes:
- F1: Units are exercisable or liquidatable only upon termination, retirement, or other plan‑permitted events; the derivative is entirely notional (no actual underlying securities).
- F2 / Remarks: The units come from non‑qualified deferred compensation plans (offered by Barings LLC and Massachusetts Mutual Life Insurance Co.) that include an investment option tied to the market value of BCI common shares; participants do not have actual ownership of the underlying shares.

Context

This was a sale of deferred‑compensation units (a routine reallocation/liquidation of plan holdings) rather than a direct open‑market sale of company stock. Such transactions reflect plan mechanics and not necessarily the insider’s view of the company’s prospects.

Form 4

Period: 2026-03-17

DirectorChairman of Fund

Transactions

Sale
Barings Non-Qualified Thrift Plan
[F1][F2]
2026-03-17$19.53/sh−9,662.745$188,713→ 309,207.866 total
→ Common Shares ("Shares of Beneficial Interest") (9,662.745 underlying)

Holdings

Footnotes (2)

[F1]Exercisable only upon termination, retirement, or other plan permitted event. Plan holdings may be "liquidated" and reallocated into other plan investment options by the plan participant. The derivative has no actual securities underlying the plan agreement, which is entirely notional.
[F2]Barings LLC (fka Babson Capital Management LLC) and Massachusetts Mutual Life Insurance Company each offer a non-qualified compensation deferral plan where certain officers are permitted to defer a portion of their compensation into the plans. Deferred compensation into a plan is allocated among one or more investment options at the election of the plan participant. Each plan has an investment option that derives its value from the market value of Barings Corporate Investors' common shares (and includes the value of reinvested dividends). However, pursuant to the terms of the plans, neither the plans nor the participants have an actual ownership interest in the common shares. The shares beneficially owned include the number of shares of Barings Corporate Investors represented by the value of the Barings Corporate Investors investment option under the plan held by the plan participant.

Signature

Stacy Standridge, as Attorney-in-fact|2026-03-18

1 file